re: #213 Dr Lizardo

cnbc.com

Yeah, no shit…don’t take Donnie’s word for it. But this might be the one time he’s actually telling the truth, as everything points to nearly all of his properties being utterly useless as collateral because they’re heavily mortgaged or being used as collateral for other loans already.

And IIRC, he also has something to the tune of over $400 million in outstanding loans that are all coming due in the not-too-distant future. If those payments aren’t made, I reckon all of his creditors are going to start calling in their loans right then and there and then we’d see a failure cascade across his entire portfolio.

My cynical streak is starting to whisper in my ear that the appellate court is gonna be like every other that we’ve seen so far and pull the rug out from under us by granting the stay if only for the flimsiest of reasons. After which the same legal voices telling us that he’s totally fucked will (once again) roll out the copium to tell us that there’s no way he can win on appeal and the delay will just make the taste all the sweeter later.